The Wall Street Journal - 22.08.2019

(ff) #1

B8| Thursday, August 22, 2019 THE WALL STREET JOURNAL.


Metal & Petroleum Futures
Contract Open
Open High hi lo Low Settle Chg interest
Copper-High(CMX) -25,000 lbs.; $ per lb.
Aug 2.5720 2.5820 2.5720 2.58150.0075 582
Dec 2.5830 2.5970 2.5795 2.59200.0080 124,026
Gold(CMX) -100 troy oz.; $ per troy oz.
Aug 1504.90 1505.00 1498.80 1504.60 ... 894
Oct 1511.60 1512.10 1500.50 1509.60 –0.10 47,022
Dec 1518.40 1518.40 1506.50 1515.70 ... 443,457
Feb'20 1523.00 1523.10 1513.20 1521.50 ... 45,744
April 1526.20 1527.10 1519.00 1526.40 ... 25,717
June 1531.30 1531.40 1522.90 1530.40 ... 20,864
Palladium(NYM) - 50 troy oz.; $ per troy oz.
Aug 1464.20–23.60 1
Sept 1484.80 1488.50 1457.20 1465.50–24.20 13,818
Dec 1482.90 1489.30 1459.10 1467.30–23.70 8,590
March'20 1481.40 1481.40 1462.50 1464.90–23.60 490
Platinum(NYM) -50 troy oz.; $ per troy oz.
Aug 854.10 4.00 110
Oct 852.90 859.10 842.60 858.10 5.30 71,682
Silver(CMX) -5,000 troy oz.; $ per troy oz.
Aug 17.125 17.125 17.120 17.125 0.003 5
Dec 17.265 17.315 17.115 17.290 0.004 105,841
Crude Oil, Light Sweet(NYM) -1,000 bbls.; $ per bbl.
Oct 56.05 57.13 55.55 55.68 –0.45 389,410
Nov 55.78 56.85 55.35 55.49 –0.31 203,392
Dec 55.34 56.45 55.04 55.18 –0.16 266,271
Jan'20 54.81 56.00 54.69 54.82 –0.06 138,457
June 53.46 54.44 53.23 53.40 0.08 165,159
Dec 52.15 53.22 52.08 52.23 0.08 162,052
NY Harbor ULSD(NYM) -42,000 gal.; $ per gal.
Sept 1.8535 1.8802 1.8499 1.8573 .0030 71,861
Oct 1.8588 1.8872 1.8565 1.8641 .0035 107,356
Gasoline-NY RBOB(NYM) -42,000 gal.; $ per gal.
Sept 1.6821 1.7166 1.6821 1.6938 .0127 61,248
Oct 1.5488 1.5834 1.5486 1.5639 .0157 131,102
Natural Gas(NYM) -10,000 MMBtu.; $ per MMBtu.
Sept 2.214 2.238 2.157 2.170 –.048 129,568
Oct 2.217 2.238 2.162 2.177 –.042 383,808
Nov 2.273 2.296 2.225 2.239 –.040 180,618
Dec 2.451 2.471 2.407 2.421 –.034 139,444
Jan'20 2.557 2.577 2.518 2.532 –.030 124,289
March 2.453 2.472 2.422 2.435 –.025 88,378


Agriculture Futures
Corn(CBT)
-5,000 bu.; cents per bu.
Sept 360.00 364.00 357.00 362.50 3.00 294,583
Dec 369.25 371.50 366.25 370.25 1.50 828,104
Oats(CBT) -5,000 bu.; cents per bu.
Sept 271.25 274.50 270.25 271.50 –1.25 191
Dec 274.25 274.25 268.25 270.25 –1.75 4,111
Soybeans(CBT) -5,000 bu.; cents per bu.
Sept 855.75 864.00 854.25 860.50 4.75 65,598
Nov 868.25 876.50 866.75 873.00 4.75 344,897
Soybean Meal(CBT) -100 tons; $ per ton.
Sept 293.80 295.90 293.10 294.70 .70 53,000
Dec 299.40 302.30 298.60 300.30 .80 199,735
Soybean Oil(CBT) -60,000 lbs.; cents per lb.
Sept 28.49 28.83 28.43 28.74 .31 42,878
Dec 28.85 29.20 28.79 29.12 .33 220,955
Rough Rice(CBT) -2,000 cwt.; $ per cwt.
Sept 1093.00 1099.50 1089.50 1091.00 –7.00 2,900
Nov 1127.00 1129.00 1120.00 1122.00 –6.00 5,629
Wheat(CBT) -5,000 bu.; cents per bu.
Sept 460.00 463.00 456.00 462.50 2.50 67,671
Dec 466.50 468.75 461.75 468.00 1.50 186,752
Wheat(KC) -5,000 bu.; cents per bu.
Sept 387.50 388.25 384.00 386.25 –.50 53,675
Dec 401.50 403.00 398.50 400.50 –1.50 155,532
Cattle-Feeder(CME) -50,000 lbs.; cents per lb.
Aug 136.850 137.450 136.425 137.375 1.075 3,128
Oct 134.375 135.350 133.500 134.550 .900 16,783
Cattle-Live(CME) -40,000 lbs.; cents per lb.
Aug 102.000 103.300 101.800 102.675 .875 4,754
Oct 100.525 101.250 99.900 100.225 .225 148,100
Hogs-Lean(CME) -40,000 lbs.; cents per lb.
Oct 64.925 65.700 63.075 63.300–1.675 97,120
Dec 64.300 65.275 62.425 62.675–1.500 59,866
Lumber(CME) -110,000 bd. ft., $ per 1,000 bd. ft.
Sept 369.70 373.40 367.90 369.10 2.90 1,532
Nov 364.50 369.10 363.40 366.00 3.40 944
Milk(CME) -200,000 lbs., cents per lb.
Aug 17.61 17.61 17.57 17.61 ... 2,867
Sept 17.64 17.68 17.51 17.55 –.15 3,537
Cocoa(ICE-US) -10 metric tons; $ per ton.
Sept 2,165 2,207 2,165 2,191 42 1,485
Dec 2,177 2,214 2,174 2,207 33 107,116


COMMODITIES


Futures Contracts Open High hiloContractLow Settle Chg interestOpen


Coffee(ICE-US) -37,500 lbs.; cents per lb.
Sept 91.65 93.85 91.65 92.85 1.40 11,501
Dec 95.50 97.65 95.50 96.65 1.40 126,128
Sugar-World(ICE-US) -112,000 lbs.; cents per lb.
Oct 11.44 11.54 11.37 11.39 –.05 521,267
March'20 12.52 12.62 12.46 12.48 –.04 286,760
Sugar-Domestic(ICE-US) -112,000 lbs.; cents per lb.
Nov 25.89 25.89 25.83 25.83 .02 3,004
Jan'20 26.10 26.10 26.10 26.10 ... 1,540
Cotton(ICE-US) -50,000 lbs.; cents per lb.
Oct 59.00 59.66 58.65 59.87 .70 285
Dec 59.12 60.00 58.68 59.94 .80 135,420
Orange Juice(ICE-US) -15,000 lbs.; cents per lb.
Sept 96.05 98.60 95.10 97.90 2.20 6,033
Nov 98.35 101.10 97.50 100.45 2.55 11,011
Interest Rate Futures
Ultra Treasury Bonds(CBT) - $100,000; pts 32nds of 100%
Sept 194-090 194-270 192-050 193-220 –11.01,098,305
Dec 195-030 195-270 193-030 194-220 –10.0 115,571
Treasury Bonds(CBT) -$100,000; pts 32nds of 100%
Sept 165-060 165-150 163-310 164-260 –6.0 945,509
Dec 164-130 164-220 163-050 164-010 –5.0 73,706
Treasury Notes(CBT) -$100,000; pts 32nds of 100%
Sept 130-240 130-255 130-105 130-170 –6.53,771,342
Dec 131-130 131-140 130-310 131-055 –6.5 277,546
5 Yr. Treasury Notes(CBT) -$100,000; pts 32nds of 100%
Sept 119-127 119-130 119-047 119-065 –5.74,119,318
Dec 119-267 119-267 119-187 119-202 –5.7 558,457
2 Yr. Treasury Notes(CBT) -$200,000; pts 32nds of 100%
Sept 107-275 107-275 107-230 107-238 –3.13,370,184
Dec 108-037 108-037 107-312 108-000 –3.3 555,716
30 Day Federal Funds(CBT) -$5,000,000; 100 - daily avg.
Aug 97.8725 97.8725 97.8700 97.8700 .0000 426,705
Oct 98.1750 98.1750 98.1500 98.1600–.0100 315,034
10 Yr. Del. Int. Rate Swaps(CBT) -$100,000; pts 32nds of 100%
Sept 114-080 114-200 114-065 114-115 –8.5 26,943
Eurodollar(CME) -$1,000,000; pts of 100%
Sept 97.9875 97.9875 97.9475 97.9550–.03251,364,178
Dec 98.2300 98.2300 98.1700 98.1800–.05001,872,737
March'20 98.5000 98.5050 98.4300 98.4450–.05501,310,657
Sept 98.7100 98.7150 98.6400 98.6550–.05001,182,183
Currency Futures
Japanese Yen(CME) -¥12,500,000; $ per 100¥
Sept .9428 .9431 .9394 .9399–.0025 150,952
Oct .9428 .9448 .9414 .9419–.0024 2,376
Canadian Dollar(CME) -CAD 100,000; $ per CAD
Sept .7513 .7549 .7510 .7524 .0011 145,278
Dec .7522 .7554 .7518 .7531 .0011 7,611
British Pound(CME) -£62,500; $ per £
Sept 1.2179 1.2189 1.2126 1.2137–.0043 267,087
Dec 1.2220 1.2226 1.2166 1.2177–.0042 4,773
Swiss Franc(CME) -CHF 125,000; $ per CHF
Sept 1.0246 1.0250 1.0195 1.0204–.0043 54,703
Dec 1.0319 1.0329 1.0277 1.0285–.0042 197
Australian Dollar(CME) -AUD 100,000; $ per AUD
Sept .6780 .6805 .6778 .6786 .0005 166,966
Dec .6799 .6820 .6795 .6802 .0006 1,808
Mexican Peso(CME) -MXN 500,000; $ per MXN
Sept .05040 .05068 .05034 .05051.00008 196,388
Dec .04959 .04992 .04959 .04975.00008 1,137
Euro(CME) -€125,000; $ per €
Sept 1.1118 1.1129 1.1102 1.1108–.0012 522,400
Dec 1.1193 1.1202 1.1171 1.1181–.0011 8,887

Index Futures
Mini DJ Industrial Average(CBT) -$5 x index
Sept 25883 26265 25872 26226 295 81,233
S&P 500 Index(CME) -$250 x index
Sept 2897.70 2932.00 2893.70 2929.20 31.00 31,507
Mini S&P 500(CME) -$50 x index
Sept 2893.25 2932.50 2893.00 2929.25 31.002,482,684
Dec 2895.75 2933.25 2894.00 2930.00 31.25 83,376
Mini S&P Midcap 400(CME) -$100 x index
Sept 1871.60 1894.50 1869.70 1887.00 10.60 68,213
Mini Nasdaq 100(CME) -$20 x index
Sept 7655.0 7765.8 7652.3 7750.3 82.3 189,290
Dec 7672.5 7782.8 7671.8 7767.8 83.0 2,415
Mini Russell 2000(CME) -$50 x index
Sept 1494.00 1515.10 1492.70 1514.00 17.60 451,236
Mini Russell 1000(CME) -$50 x index
Sept 1620.60 1621.80 1606.40 1619.30 13.00 8,342
U.S. Dollar Index(ICE-US) -$1,000 x index
Sept 98.08 98.23 98.00 98.18 .12 54,073
Dec 97.69 97.79 97.61 97.77 .10 1,623

Source: FactSet

WSJ.com/commodities

Cash Prices Wednesday, August 21, 2019
These prices reflect buying and selling of a variety of actual or “physical” commodities in the marketplace—
separate from the futures price on an exchange, which reflects what the commodity might be worth in future
months.
Wednesday
Energy
Coal,C.Aplc.,12500Btu,1.2SO2-r,w 62.050
Coal,PwdrRvrBsn,8800Btu,0.8SO2-r,w 12.050
Metals
Gold, per troy oz
Engelhard industrial 1501.00
Engelhard fabricated 1613.58
Handy & Harman base 1503.25
Handy & Harman fabricated 1668.61
LBMA Gold Price AM *1502.65
LBMA Gold Price PM *1504.55
Krugerrand,wholesale-e 1565.93
Maple Leaf-e 1580.99
American Eagle-e 1580.99
Mexican peso-e 1823.42
Austria crown-e 1478.89
Austria phil-e 1580.99
Silver, troy oz.
Engelhard industrial 17.1000
Engelhard fabricated 20.5200
Handy & Harman base 17.1380
Handy & Harman fabricated 21.4230
LBMA spot price *£14.1000
(U.S.$ equivalent) *17.0200
Coins,wholesale $1,000 face-a 12686
Other metals
LBMA Platinum Price PM *847.0
Platinum,Engelhard industrial 856.0

Wednesday
Platinum,Engelhard fabricated 956.0
Palladium,Engelhard industrial 1498.0
Palladium,Engelhard fabricated 1598.0
Aluminum, LME, $ per metric ton *1756.5
Copper,Comex spot 2.5815
Iron Ore, 62% Fe CFR China-s 83.0
Shredded Scrap, US Midwest-s,m 278
Steel, HRC USA, FOB Midwest Mill-s 597
Fibers and Textiles
Burlap,10-oz,40-inch NY yd-n,w 0.5200
Cotton,1 1/16 std lw-mdMphs-u 0.5687
Cotlook 'A' Index-t *70.50
Hides,hvy native steers piece fob-u n.a.
Wool,64s,staple,Terr del-u,w n.a.
Grains and Feeds
Barley,top-quality Mnpls-u n.a.
Bran,wheat middlings, KC-u 80
Corn,No. 2 yellow,Cent IL-bp,u 3.6000
Corn gluten feed,Midwest-u,w 104.7
Corn gluten meal,Midwest-u,w 368.3
Cottonseed meal-u,w 223
Hominy feed,Cent IL-u,w 102
Meat-bonemeal,50% pro Mnpls-u,w 213
Oats,No.2 milling,Mnpls-u 3.0000
Rice, Long Grain Milled, No. 2 AR-u,w 24.75
Sorghum,(Milo) No.2 Gulf-u 6.7900
SoybeanMeal,Cent IL,rail,ton48%-u 296.70
Soybeans,No.1 yllw IL-bp,u 8.3050
Wheat,Spring14%-pro Mnpls-u 6.0225

Wednesday
Wheat,No.2 soft red,St.Louis-bp,u 4.6450
Wheat - Hard - KC (USDA) $ per bu-u 3.9375
Wheat,No.1soft white,Portld,OR-u 5.5750

Food
Beef,carcass equiv. index
choice 1-3,600-900 lbs.-u 196.26
select 1-3,600-900 lbs.-u 171.24
Broilers, National comp wtd. avg.-u,w 0.8255
Butter,AA Chicago 2.3125
Cheddar cheese,bbl,Chicago 168.00
Cheddar cheese,blk,Chicago 190.50
Milk,Nonfat dry,Chicago lb. 102.75
Coffee,Brazilian,Comp 0.9362
Coffee,Colombian, NY 1.2658
Eggs,large white,Chicago-u 0.8350
Flour,hard winter KC 13.10
Hams,17-20 lbs,Mid-US fob-u n.a.
Hogs,Iowa-So. Minnesota-u 73.62
Pork bellies,12-14 lb MidUS-u n.a.
Pork loins,13-19 lb MidUS-u 0.9172
Steers,Tex.-Okla. Choice-u n.a.
Steers,feeder,Okla. City-u,w 151.33

Fats and Oils
Corn oil,crude wet/dry mill wtd. avg.-u,w 27.2300
Grease,choice white,Chicago-h 0.2800
Lard,Chicago-u n.a.
Soybean oil,crude;Centl IL-u 0.2887
Tallow,bleach;Chicago-h 0.3150
Tallow,edible,Chicago-u n.a.

KEY TO CODES: A=ask; B=bid; BP=country elevator bids to producers; C=corrected; E=Manfra,Tordella & Brooks; G=ICE; H=American Commodities Brokerage Co;
M=monthly; N=nominal; n.a.=not quoted or not available; R=SNL Energy; S=Platts-TSI; T=Cotlook Limited; U=USDA; W=weekly, Z=not quoted. *Data as of 8/20
Source: WSJ Market Data Group

Global Government Bonds: Mapping Yields
Yields and spreads over or under U.S. Treasurys on benchmark two-year and 10-year government bonds in
selected other countries; arrows indicate whether the yield rose(s) or fell (t) in the latest session
Country/ Yield (%) Spread Under/Over U.S. Treasurys, in basis points
Coupon (%) Maturity, in years Latest(l)-2-101234Previous Month ago Year ago Latest Prev Year ago

1.750 U.S. (^2) 1.573s l 1.508 1.827 2.600
1.625 10 1.581s l 1.555 2.057 2.833
5.750 Australia 2 0.745t l 0.749 0.969 2.015 -82.9 -75.9 -58.4
3.250 10 0.942t l 0.954 1.364 2.546 -63.9 -60.1 -28.8
0.000 France 2 -0.779t l -0.777 -0.689 -0.421 -235.2 -228.6 -302.1
0.500 10 -0.398s l -0.413 -0.066 0.671 -197.8 -196.7 -216.3
0.000 Germany 2 -0.886s l -0.908 -0.768 -0.626 -245.9 -241.6 -322.5
0.000 (^10) -0.670s l -0.688 -0.321 0.334 -225.1 -224.3 -250.0
0.050 Italy 2 0.009t l 0.011 0.007 1.040 -156.5 -149.7 -156.0
3.000 10 1.337t l 1.346 1.604 2.969 -24.4 -20.8 13.5
0.100 Japan 2 -0.300t l -0.292 -0.200 -0.126 -187.4 -180.0 -272.6
0.100 10 -0.240t l -0.235 -0.136 0.090 -182.1 -179.0 -274.4
0.750 Spain 2 -0.552s l -0.559 -0.482 -0.333 -212.5 -206.7 -293.3
0.600 10 0.091s l 0.087 0.385 1.358 -149.0 -146.7 -147.5
1.500 U.K. 2 0.501s l 0.492 0.571 0.734 -107.2 -101.6 -186.5
1.625 10 0.475s l 0.453 0.736 1.268 -110.6 -110.2 -156.6
Source: Tullett Prebon
Corporate Debt
Price moves by a company's debt in the credit markets sometimes mirror and sometimes anticipate, moves in
that same company’s share price.
Investment-grade spreads that tightened the most...
Spread*, in basis points Stock Performance
Issuer SymbolCoupon (%) Maturity Current One-day change Last week Close ($) % chg
GeneralElectric GE 5.000 Jan. 21, ’49 339 –33 321 8.16 –2.63
UniCreditSpA UCGIM 7.296 April 2, ’34 435 –25 466 ... ...
Intesa SanpaoloSpa ISPIM 4.375 Jan. 12, ’48 245 –21 n.a. ... ...
AT&T T 5.450 March 1, ’47 192 –18 215 35.16 0.51
MPLX MPLX 4.000 March 15, ’28 181 –17 191 28.03 0.94
Kinder Morgan KMI 5.200 March 1, ’48 210 –16 223 ... ...
ReynoldsAmerican BATSLN 4.450 June 12, ’25 135 –15 156 ... ...
BookingHoldings BKNG 3.650 March 15, ’25 72 –15 n.a. 1955.75 1.10
...And spreads that widened the most
Citigroup C 5.950 May 15, ’49 357 24 n.a. 63.25 –0.27
ONEOK Partners OKE 4.900 March 15, ’25 158 16 147 ... ...
Leggett & Platt LEG 4.400 March 15, ’29 198 15 n.a. 38.85 0.75
NewmontGoldcorp NEM 3.700 March 15, ’23 100 12 n.a. 38.53 –0.10
DXC Technology DXC 4.250 April 15, ’24 144 7 n.a. 34.50 2.56
WestpacBanking WSTP 2.800 Jan. 11, ’22 45 7 n.a. ... ...
Ford Motor Credit F 3.815 Nov. 2, ’27 272 6 269 ... ...
3M MMM 2.000 June 26, ’22 33 6 n.a. 161.15 0.09
High-yield issues with the biggest price increases...
Bond Price as % of face value Stock Performance
Issuer Symbol Coupon (%) Maturity Current One-day change Last week Close ($) % chg
Pride International ESV 7.875 Aug. 15, ’40 57.500 5.00 49.500 ... ...
Valaris VAL 7.750 Feb. 1, ’26 62.063 3.56 54.000 4.56 –0.65
CaliforniaResources CRC 8.000 Dec. 15, ’22 58.250 3.00 54.000 10.10 8.60
Noble Holding International NE 7.875 Feb. 1, ’26 81.000 2.25 75.000 ... ...
MEG Energy MEGCN 7.000 March 31, ’24 94.625 2.13 91.312 ... ...
Rowan RDC 7.375 June 15, ’25 64.063 2.06 59.000 ... ...
Antero Resources AR 5.625 June 1, ’23 93.500 2.00 89.250 3.47 –3.61
Range Resources RRC 4.875 May 15, ’25 82.250 2.00 78.438 4.11 –3.97
...And with the biggest price decreases
Elanco Animal
ELAN
4.900 Aug. 28, ’28 108.340 –1.66 112.214 26.39 –3.19
SeagateHDD Cayman STX 5.750 Dec. 1, ’34 100.625 –1.00 98.500 ... ...
L Brands LB 7.500 June 15, ’29 99.000 –1.00 99.345 20.33 2.06
Intelsat LuxembourgS.A. INTEL 7.750 June 1, ’21 95.000 –0.88 n.a. ... ...
CBL & Associates CBL 5.250 Dec. 1, ’23 64.250 –0.75 67.520 0.87 2.02
Neiman Marcus NMARI 8.750 Oct. 25, ’24 33.250 –0.75 37.000 ... ...
Unit UNTUS 6.625 May 15, ’21 74.284 –0.72 74.000 ... ...
FrontierCommunications FTR 8.750 April 15, ’22 52.125 –0.63 48.750 0.84 –2.45
Estimated spread over 2-year, 3-year, 5-year, 10-year or 30-year hot-run Treasury; 100 basis points=one percentage pt.; change in spread shown is for Z-spread.
Note: Data are for the most active issue of bonds with maturities of two years or more
Sources: MarketAxess Corporate BondTicker; Dow Jones Market Data
Broad Market Bloomberg Barclays
2123.00 8.6 U.S. Aggregate 2.2002.1603.660
U.S. Corporate Indexes Bloomberg Barclays
3107.81 13.4 U.S. Corporate 2.8702.8704.370
2855.28 8.8 Intermediate 2.4902.4804.060
4514.91 23.1 Long term 3.5703.5605.050
637.12 10.5 Double-A-rated 2.3002.2803.740
815.72 14.3 Triple-B-rated 3.1903.1904.720
High Yield Bonds ICE Data Services
451.17 10.5 High Yield Constrained5.9875.9828.107
421.87 5.6 Triple-C-rated 11.8889.69113.784
3089.63 10.4 High Yield 100 5.5005.4237.825
406.69 10.0 Global High Yield Constrained5.7525.5947.561
320.82 8.6 Europe High Yield Constrained3.0102.8414.869
U.S Agency Bloomberg Barclays
1769.16 6.1 U.S Agency 1.8101.7603.210
1553.45 4.1 10-20 years 1.7401.6803.110
3910.29 15.5 20-plus years 2.1302.0703.700
2697.19 10.0 Yankee 2.5902.5704.050
Bonds | WSJ.com/bonds
Tracking Bond Benchmarks

Return on investment and spreads over Treasurys and/or yields paid to investors compared with 52-week
highs and lows for different types of bonds
Total
return YTD total Yield (%)
close return (%) Index Latest Low High
Constrained indexes limit individual issuer concentrations to 2%; the High Yield 100 are the 100 largest bonds † In local currency § Euro-zone bonds
EMBI Global Index Sources: ICE Data Services; Bloomberg Barclays; J.P.Morgan
Total
return YTD total Yield (%)
close return (%) Index Latest Low High
Mortgage-Backed Bloomberg Barclays
2120.31
5.2 Mortgage-Backed 2.3902.3603.810
2078.05
4.9 Ginnie Mae(GNMA)2.3402.2903.780
1247.67
5.3 Fannie mae(FNMA)2.4202.3903.820
1919.27
5.4 Freddie Mac(FHLMC)2.4102.3703.840
565.71
7.0 Muni Master 1.4811.4592.908
399.98
8.0 7-12 year 1.4041.3862.941
452.69
8.9 12-22 year 1.7721.7583.317
440.51
9.8 22-plus year 2.2352.2093.758
Global Government J.P. Morgan†
594.89
8.2 Global Government 0.7700.7301.880
820.86
6.1 Canada 1.3701.2602.540
410.91
9.8 EMU§ 0.2050.1541.469
789.29
9.8 France -0.110-0.1600.980
557.23
7.3 Germany -0.540-0.5900.580
304.87
4.4 Japan -0.020-0.0300.520
621.24
8.4 Netherlands -0.430-0.4900.670
1041.12
11.2 U.K. 0.8500.8001.900
861.39
11.8 Emerging Markets 5.5115.3547.372
Macro & Market Economics
Weekly Demand,
000s barrels per day
Expected Previous Year 4-week 5-year
Current change week ago avg avg
Total petroleum
product
20,987 ... 22,078 21,541 21,461 20,264
Finished
motor gasoline
9,626 ... 9,932 9,453 9,692 9,224
Kerosene-type
jet fuel
1,909 ... 2,017 1,813 1,908 1,635
Distillates 3,758 ... 3,859 4,065 3,847 3,802
Residualfuel oil 457 ... 315 517 333 333
Propane/propylene 938 ... 1,000 989 960 ...
Other oils 4,299 ... 4,955 4,703 4,721 ...
Natural gas storage
Billions of cubic feet; weekly totals
250
1250
2250
3250
4250
A
2018
SO N D J
2019
FM A M J J
Natural gas, t
lower48states
tFive-year average
for each week
Note: Expected changes are provided by Dow Jones Newswires' survey of analysts. Previous and average inventory data are in millions.
Sources: FactSet; Dow Jones Market Data; U.S. Energy Information Administration; Dow Jones Newswires
Watching the Gauges: U.S. Supply and Demand
Inventories, imports and demand for the week ended August 16. Current figures are in thousands of barrels or
thousands of gallons per day, except natural-gas figures, which are in billions of cubic feet. Natural-gas import
and demand data are available monthly only.
Inventories, 000s barrels Imports, 000s barrels per day
Expected Previous Year 4-week 5-year Expected Previous Year 4-week 5-year
Current change week ago avg avg Current change week ago avg avg
Crude oil and
petroleumprod
1,315,225 ... 1,311 1,225 1,308 1,265 9,441 ... 10,358 10,121 9,724 9,162
Crude oil
excludingSPR
437,778 -1,500 441 408 438 432 7,218 ... 7,714 7,518 7,186 7,308
Gasoline 234,072 ... 234 234 233 223 892 ... 805 817 1,008 499
Finished gasoline 21,755 -200 23 24 23 26 255 ... 169 56 134 13
Reformulated 37 ... 0 0 0 0 0 ... 0 0 0 0
Conventional 21,718 ... 23 24 22 26 255 ... 169 56 134 13
Blend. components 212,317 ... 211 210 211 197 637 ... 637 761 874 486
Natural gas (bcf) 2,738 ... 3 2 3 3 ... ... ... ... ... ...
Kerosene-type
jet fuel
41,348 ... 42 42 42 40 145 ... 239 188 171 98
Distillates 138,123 200 136 131 137 143 210 ... 126 145 173 109
Heating oil 10,477 ... 10 9 10 12 1 ... 0 23 5 41
Diesel 127,646 ... 125 122 126 132 209 ... 124 122 164 54
Residualfuel oil 29,986 ... 31 28 31 36 313 ... 143 473 206 190
Other oils 320,056 ... 318 289 318 284 530 ... 1,237 886 856 845
Net crude, petroleum
products,incl. SPR
1,960,043 ... 1,956 1,885 1,953 1,949 1,353 ... 2,622 3,593 1,938 5,392
iShMSCIBrazil EWZ 41.97 2.64 9.9
iShMSCI EAFE EFA 62.86 0.70 6.9
iShMSCI EAFE SC SCZ 55.17 0.71 6.5
iShMSCIEmgMarkets EEM 40.16 0.96 2.8
iShMSCIJapan EWJ 53.47 0.34 5.5
iShNatlMuniBd MUB 115.09 –0.13 5.5
iShPfd&Incm PFF 37.45 0.29 9.4
iShRussell1000Gwth IWF 160.52 1.02 22.6
iShRussell1000 IWB 162.40 0.83 17.1
iShRussell1000Val IWD 124.33 0.62 12.0
iShRussell2000Gwth IWO 197.11 0.89 17.3
iShRussell2000 IWM 150.38 0.82 12.3
iShRussell2000Val IWN 115.17 0.77 7.1
iShRussell3000 IWV 171.62 0.86 16.8
iShRussellMid-Cap IWR 55.17 0.79 18.7
iShRussellMCValue IWS 86.64 0.67 13.5
iShS&P500Growth IVW 180.20 0.93 19.6
iShS&P500Value IVE 115.25 0.77 14.0
iShShortCpBd IGSB 53.69 –0.07 4.0
iShShortTreaBd SHV 110.63 ... 0.3
iShTIPSBondETF TIP 116.81 –0.10 6.7
iSh1-3YTreasuryBd SHY 84.98 –0.09 1.6
iSh7-10YTreasuryBd IEF 113.27 –0.26 8.7
iSh20+YTreasuryBd TLT 144.56 –0.67 19.0
iShRussellMCGrowth IWP 143.76 1.04 26.4
iShUSTreasuryBdETF GOVT 26.44 –0.28 7.3
PIMCOEnhShMaturity MINT 101.68 0.01 0.7
SPDR BlmBarcHYBd JNK 108.36 0.44 7.5
SPDRBloomBar1-3MTB BIL 91.55 –0.01 0.1
SPDR Gold GLD 141.76 –0.32 16.9
SchwabIntEquity SCHF 30.71 0.82 8.3
SchwabUS BrdMkt SCHB 70.10 0.76 17.0
SchwabUS Div SCHD 52.97 0.90 12.8
Closing Chg YTD
ETF Symbol Price (%) (%)

AlerianMLPETF AMLP 9.18 0.55 5.2
CnsmrDiscSelSector XLY 119.64 1.93 20.8
CnsStapleSelSector XLP 60.31 0.27 18.8
EnSelectSectorSPDR XLE 58.16 0.64 1.4
FinSelSectorSPDR XLF 26.60 0.45 11.7
FT DJ Internet FDN 137.80 1.14 18.1
HealthCareSelSect XLV 91.31 0.74 5.5
IndSelSectorSPDR XLI 75.02 0.62 16.5
InvscQQQI QQQ 188.63 0.89 22.3
InvscS&P500EW RSP 105.29 0.81 15.2
InvscS&P500LowVol SPLV 56.31 0.48 20.7
iShCoreMSCIEAFE IEFA 58.89 0.77 7.1
iShCoreMSCIEmgMk IEMG 48.26 0.92 2.4
iShCoreMSCITotInt IXUS 56.02 0.70 6.6
iShCoreS&P500 IVV 294.18 0.82 16.9
iShCoreS&P MC IJH 188.67 0.56 13.6
iShCoreS&P SC IJR 76.40 0.80 10.2
iShS&PTotlUSStkMkt ITOT 66.30 0.90 16.8
iShCoreUSAggBd AGG 113.62 –0.05 6.7
iShSelectDividend DVY 97.81 0.96 9.5
iShEdgeMSCIMinEAFE EFAV 71.92 0.27 7.9
iShEdgeMSCIMinUSA USMV 63.53 0.68 21.2
iShEdgeMSCIUSAMom MTUM 120.85 0.92 20.6
iShEdgeMSCIUSAQual QUAL 91.05 0.83 18.6
iShFloatingRateBd FLOT 50.85 –0.04 1.0
iShGoldTr IAU 14.36 –0.42 16.8
iShiBoxx$InvGrCpBd LQD 128.40 0.18 13.8
iShiBoxx$HYCpBd HYG 86.79 0.43 7.0
iShJPMUSDEmgBd EMB 113.92 0.29 9.6
iShMBSETF MBB 108.20 ... 3.4
iShMSCI ACWI ACWI 72.05 0.83 12.3
Closing Chg YTD
ETF Symbol Price (%) (%)
Wednesday, August 21, 2019
SPDR DJIA TrSchwabUS LC SCHXDIA 262.0369.97 0.810.90 12.417.2
SPDR S&PMdCpTr MDY 344.09 0.57 13.7
SPDR S&P 500 SPY 292.45 0.81 17.0
SPDR S&P Div SDY 99.19 0.84 10.8
TechSelectSector XLK 80.00 1.18 29.1
UtilitiesSelSector XLU 62.08 0.66 17.3
VanEckGoldMiner GDX 28.70 –0.52 36.1
VangdInfoTech VGT 215.15 1.16 29.0
VangdSC Val VBR 124.75 0.70 9.4
VangdSC Grwth VBK 186.10 0.97 23.6
VangdDivApp VIG 118.00 0.78 20.5
VangdFTSEDevMk VEA 39.87 0.83 7.5
VangdFTSE EM VWO 40.25 0.78 5.6
VangdFTSE Europe VGK 52.28 1.18 7.5
VangdFTSEAWxUS VEU 48.63 0.75 6.7
VangdGrowth VUG 166.56 1.01 24.0
VangdHlthCr VHT 171.45 0.79 6.8
VangdHiDiv VYM 86.09 0.74 10.4
VangdIntermBd BIV 88.38 –0.18 8.7
VangdIntrCorpBd VCIT 91.68 0.13 10.6
VangdLC VV 134.41 0.83 17.0
VangdMC VO 165.25 0.87 19.6
VangdMC Val VOE 108.49 0.71 13.9
VangdMBS VMBS 53.07 –0.13 3.1
VangdRealEst VNQ 91.57 0.42 22.8
VangdS&P500ETF VOO 268.56 0.81 16.9
VangdST Bond BSV 80.98 –0.09 3.1
VangdSTCpBd VCSH 81.08 –0.05 4.0
VangdSC VB 152.94 0.81 15.9
VangdTotalBd BND 84.74 –0.05 7.0
VangdTotIntlBd BNDX 58.89 –0.15 8.6
VangdTotIntlStk VXUS 50.34 0.76 6.6
VangdTotalStk VTI 149.20 0.84 16.9
VangdTotlWrld VT 73.46 0.84 12.2
VangdValue VTV 108.29 0.62 10.6
Closing Chg YTD
ETF Symbol Price (%) (%)
Exchange-Traded Portfolios
| WSJ.com/ETFresearch
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